Recapitalization of Premier Parking of Tennessee, LLC by River Associates Investments, LLC

June 30, 2017 – River Associates Investments, LP (“River Associates” or “River”) a longstanding lower-middle market private equity firm based in Chattanooga, TN, announced that it has partnered with management to acquire Premier Parking of Tennessee, LLC (“Premier Parking”). Premier Parking provides parking management solutions for urban, healthcare, hospitality, and mixed-use developments including restaurants, offices, municipal, and special events. The Company’s services include on-site parking management, traffic management, valet and shuttle services, parking enforcement, and parking design and technology consulting services.

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Recapitalization Of PerTronix, Inc. By Lineage Capital, LLC

New York, NY, September 20, 2016 – Abacus Finance Group, LLC, a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced today that it served as Administrative Agent and Lead Arranger for a senior secured credit facility to support the recapitalization of PerTronix, LLC (PerTronix) by Lineage Capital, LLC (Lineage).

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Impark Acquires U.S.-Wide Parking Company; Republic Parking

VANCOUVER, B.C. (April 8, 2016): Imperial Parking Corporation (“Impark”), one of North America’s leading parking operators, today announced it has completed the acquisition of Republic Parking System, a parking management company headquartered in Chattanooga, TN, and Republic Parking Northwest, based in Seattle, (collectively “Republic Parking”) operating facilities in more than 100 cities in the United States. The terms of the transaction were not disclosed.

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Quality Systems, Inc. Board of Directors Approves Sale of NextGen Healthcare Hospital Solutions Division

IRVINE, Calif.–(BUSINESS WIRE)–Quality Systems, Inc. (NASDAQ: QSII), announced today it has sold the Hospital Solutions Division of its NextGen Healthcare subsidiary to QuadraMed Affinity Corporation (“QuadraMed”), which is part of the Harris Operating Group of Constellation Software Inc.

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Impark Acquires City Center Parking of Portland, Oregon

Imperial Parking Corporation (“Impark”), one of North America’s leading parking operators, today announced it has completed the acquisition of City Center Parking, a parking management company based in Portland, Oregon.  City Center Parking operates 198 parking facilities in Portland and Salem, Oregon, and Vancouver, Washington.  The terms of the transaction were not disclosed. Continue reading

John O. Johnson speaks at the 2013 NPA Winter Leadership Forum in Palm Beach, FL

John O. Johnson, Managing Director and Head of Industrial Growth & Business Services investment banking at TSG, was selected to be the headline speaker at the National Parking Association’s (NPA) 2013 Winter Leadership Forum at The Breakers Hotel in Palm Beach, FL.  John delivered a focused presentation to the NPA community regarding Capital Markets Trends & Financial Opportunities affecting the Parking Industry.  For more information about NPA or this event, please click here.

Markwins International Corporation Closes Acquisition of Physicians Formula Holdings, Inc.

CITY OF INDUSTRY, Calif. and AZUSA, Calif., Dec. 12, 2012 (GLOBE NEWSWIRE) — Markwins International Corporation (“Markwins” or the “Company”) announced today that it has acquired all of the outstanding securities of Physicians Formula Holdings, Inc. (Nasdaq:FACE) (“Physicians Formula”) for $75.0 million or $4.90 per share in cash. Physicians Formula stockholders also received a special 3 1/2 cent per share dividend as part of the transaction. The $4.90 per share price represents a premium of approximately 33% to Physicians Formula’s closing stock price on August 14, 2012 (the trading day prior to the announcement that Physicians Formula entered into a merger agreement with affiliates of Swander Pace Capital) and a premium of approximately 40% to Physicians Formula’s one-month volume-weighted average price as of that same date. Continue reading

Rich’s Transforms Its US-Canada Business Portfolio with the Announcement of Two Acquisitions and New Joint Venture

Buffalo, N.Y. – Rich Products Corporation has announced three important additions to its portfolio, acquiring two food companies – Goglanian Bakeries Inc. and f’real® foods LLC; and entering into a joint venture – Twin Star Bakery, with business partner The Stolbun Group.

“The acquisitions of Goglanian Bakeries and f’real foods, and establishment of our Twin Star joint venture, are consistent with our ongoing commitment to shape and reshape our diverse portfolio to keep Rich’s focused on a path of long term growth,” said Bill Gisel, Rich’s President and Chief Executive Officer. Continue reading